>> charlie: welcome to our program. we begin this evening with a conversationith the great actor john malkovich. >> if you're anyway where lucky, exisitely beautiful endlessly fascinating place filled often th spectacular people. >> that's exactly the way i feel. >> i love to get out and see who they arend where they are and work with them.

and i've had incredibly charged life. >> charlie: and with jing ulrich, j.p. morgan's managing director in china. >> i think china will continue to grow around 7 to 9% per annum. of course there are lots of challenges ahead. given the economy set aside you can't continue to grow at 10% per annum. if you look at the fundamental drivers for china's gdp, i think we can hit that growth target. >> charlie: fromcting to china went we coinue.

captioning sponsored by rose communications from our studios in new york city, this is charlie rose.

>> charlie: john mac visms here an oscar nominated author for elect particular performances. he started with th theatre company before making his film debut in places in the heart mu his most well-knownovies include dangerous liaison, shadow of the vampe beg john malkovich here's a look at some of his work. >> if i had any place elseto go night i would gladly leave righnow. when i came here all i asked was to be leftlone. i'm not some kind of freak to be here on display to the amusement of those hooligans you call children.

>> i'm doingeverything i can. i'm telling you i'm doing everything i can. >> i'm sure you are. >> at this moment for example i'm quit convinced i'm never going to see you again. >>alkovich, malkovich.

♪ malkovich. malkovich. we replace you with the devil. i will do everything of yours with the devil. >> you will have no close ups whatsoever. >> how dare you speak to me that way. i am the director. >> i know very well what you represent. you represent the idiocy of today. >> i don't represent that either. >> when i asked about that moronic woman. >> these not a moron. >> you're in league with that moronic woman, you're part of the league of morons. >> no. >> oh yes. you see you're one of the morons i've been fighting my whol life. >> what are you trying to kill

me. >> i'm not tryi to kill you. >> oh yes, we are. >> last time we met i tried to kill you. >> that was a longtime ago. >> some people hold on to that. >> i tried to kill you. sohat makes us friends, right? >> right. >> charlie: his latest project is an up rawic play confessions of a serial killer in this he plays a murderer that returns from the dead to promote his autobiography. here is a look. >> since i died, i keep on asking myself what would i do if i had another life and strangely enough, the first thought coming to my mind does not even touch -- i should have my wrongdoing undone and never become a delinquent teenager but on the other hand that wouldn't

be me. if i went down and changed my whole life, you would be listening to a different person. very likely you would not be here if it weren't for the killer. what else could i have done to become a person of public interest. >> charlie: i am pleased to ha john malkovich back at this table. welcome. >> thanks. >> charlie: how about these threats, are they yours. >> they are. this is a very old one from the first line i had. >> charlie: and col coornated i noticed. >> yes, sure. >> charlie: are you designing clothes as well. >> i am still, yes. i have just working like crazy the last few days. yes, i do a line called techno bohemian which we make in italy in tuscany. >> charlie: sold around the

world. >> mostly a little bit everywhere, shanghai, amsterdam, l.a., denver, where else? miami in a very nice shop called the webster. >> charlie: tell me about this. you were telling me as we were watching that about the story of this guy. >> jack was convicted of murd even when he was 15 or 17, sentenced to life long imprisonment a life sentence. about 15 years later, he, well some years later he stted a campaign to show that he had been rehabilitated and this was a sort of mistake of youth and etcetera and etcetera. he took writing courses in prison and eventually he was pardoned in stria by the

president of the republican at at time. and he went on to become quite the celebrity in austria. you could often see him on levision, he wrote novels, he wrote plays. he directed his own plays and he became particularly celebrated for his coverage as a journalist for a series of prostitute murders, which happened in vienna. this is kind of 20 years ago, which he wrote about and became almost the police kind of liaison and go-to person. then he went to l.a. and wrote a ries, wrote an article for an austrian magazine about the sex industry and the sex trade in los angeles. and then they found later tha not only was he the one killing

all the hookers,heas writing the stories. he also when he went to l.a., killed the of the prostitutes he interviewed. and in the very firs year after his release from priso he killed six proitutes. so that was a huge story in austria and this opera is based on the story of jack he was called. >> charl: whose idea was it to make it into an opera. >> me. because i knew the sto. martin -- come deducts out of vienna called the vienna academy and also one out of l.a. called music angelica. through our mutual friend who is a customer in vienna. she wanted us to meet, we met. he asked me if i would do

something in early classical or baroque music and putting a piece together. i said actually i would because i don't know anything about it. i would love to. and we met and talked, worked on several ideas over six, eight month period and then finally i said prompted by several things but finally i said but if you really want people to come to this opera then we should to it about jack because jack was in vienna and jack was in los angeles and it seemed to be a very good story. >> charlie: who did the sopranos represent. >> the sranos represent t victims in this. i wouldn't be triffably interested in doing this pce as a kind of one-man show which is not really my preferred form of theatre anyway. but the music and the singers in

this piece represent the victims. it's when the victims speak and the victims have their, have their chance to voice their pain, their outrage, their suffering, their grief. and otherwise i think in this piece, you wouldn't have it and the music is so much more powerful than any narrative one could ever concoct. it's music of overwhelming beauty and power. ♪

>> charlie: part ofhe message is let's not forget the victims. >> yes. because you see we have this story in a minor minor way with several i think important critical differences. you remember charlie o course the story jack -- >> charlie: by norman mailer and lots of other people. >> jack henry abbott was not a serial killer. and jack henry abbott wrote a novel, wrote a book. it was absolute, i think, a masterpiece. and of course people want to believe in redemption and redemption is really critical to our society. and if we couldn't feel redeemed

for the wrongs we've committed, and i'm not speaking about murder here but even the smallest wrong, obviously we would be the poorer for it. but as you know, abbott didn't even make his first nine in the halfway house before he killed someone down on the lower east side. >> charlie: what did he say to you about redemption? or what does it say to you. >> it says to me you just have to be really careful about letting people ... see i n't know how you make up for murde. >> charlie: bring them back to life. >> when you set yourself up as the final arbitrator of life a death, and you're not just, and you actually act on that, i don't know how you can be

redeemed. i don't get it. >> charlie: do you favor then capital punishment, say? >> well, i would say, i would say someone like john wayne gaysy, people like that. i'm not going to miss him really honestly. >> charlie: was he from your neighborhood back there. >> well, not far, no. i wasn't from chicago but i was living there then. >> charlie: right. >> you know, there are people who commit acts that are so appalling that i don't see it as so ereme. and the second thing i would say, who is the final arbitrator of life and death. are only murderers the fina arbitrators to life and death. charlie: or is it state. >> or is it the state and

society meaning to at least a great par its citizens. i would say it should be a power with the citizens. the state that have capital punishment have them. those that don't, don't. but of course, you know, know barry schek and there are many people who wen't even in the states. >> charlie: because of the prevalence of dna evidence today they're able to show that they couldn't have done it. >> yes. so to me it a very -- >> charlie: juries make mistake. >> absolutely and it's a very gray area a that's a mistake you can't takeack but i would say the same to the murderers. it's a mistake you can't take back. >> charlie: so what is it about him? what intrigued you about him other than the fact that it was a guy who was able to put together the case for himself and get out. but went right back to it.

>> yes. well, what intrigued me about it -- >> charlie: does he think he was just being smart. was it the thrill of the game? >> yes, i think it was. as i say it was very different to jack help rea but i don't think jack henry had a of those. he was very violent, but i don't think that gave him a particular thrill. it's partially that it was partially -- this is written by a vietnamese writer and director who has an incredibly light touch. and is it recreates, at least in my opinion, recreates the experience of vietnamese, he was very well liked. people really adored the idea

that this convicted murderer had been redeemed. he was out. he was making abig success in society, etcetera etcetera. but when you look under the ver. >> charlie: everybody loves the they're of a comeback, don't they or ever can turn over -- >> a kind of new leaf. >> charlie: or you can be changed and therefore you can come from whatever the bad deed was to find god or find something that enables you. >> yes. an in this case, it happened to be not at all true. it doesn't mean it would always not be possible at all. >> charlie: was there a sense of the thrill of this and what do we know about his own reasons for doing it? >> younow, i think most serial killers, you must have read anne rule's book about ted bundy.

i never got a reason out of it. and i knew a woman who actually had relationship with his psychiatrist. who once said to me, i said what would he do when you walked into the cell and she kind of said what do you mean what would he do. i said well what's the first thing he did when you walked into the cell. and she said he took all the oxygen for himself. >> charlie: he was so dominant. >> you couldn't breathe, really, in his prepares. >> charlie: no but does that suggest he was charming and deductive and everything el or he was just so outrages in terms of not letting you speak and insisting that he was right and insisting he was a victim and insisting that i'v been misunderstood. >> i think probably more a little bit of two things. meaning a little bit of the fact. i mean bubbledy was often referred to or thought to be

charming, attractive, seductive. of course he was the star of th suicide prention hotline. bundy shared a common characteristic. they could tal women in or out of anything, literally anything. and why is that? i don't know. i'm not a won. >> chaie: what do women say, though? here's what's interesting. >> there's still women in vienna who will tell you he was completely innocent. you can still meet -- >> charlie: he could never have done that. >> absolutely. because he was sweet and funny. >> charlie: you know a lot about a lot of things but is the act of these kind of criminal minds of a certain curiousity for you? because you know bundy, you know jack and others like me. >> not extraordinarily but for particular ones, i mean really,

i read the book about bundy sort of out of the blue and i didn't know ann rule as many as 25 years ago or so. but those are people i did study. but for instae gacy just never interested me. i don't think i could read a paragraph about him. >> charlie: here it is and we'll talk about it. take a lk. >> for those of you more culturally incline you might be aware we're recently returned from triumphant tour from los angeles where we performed ha eatre, n a theatre of my stream but we were told it possessed the single critical element necessary to the success of any cultural event in the city of angels. do you know what is that

element? good parking. [laughter] >> charlie: who wrote this? >> he's called miko sterlinger. he's the author of this peace, the infernal comedy and also the second opera we've been tou yeao variations which is based on casanova's life story htory of my life. and that's a piece also with the same full baroque orchestra, baroque music but all new text anall of the music in different situations all of which isrom marriage or bon put in the different context in the life of casino va. >> charlie: are you good at

music? >> a few years ago -- >> charlie: your voice was better. >> i sang well. but i get through it. >> charlie: andhink of it as a great language. yes, i do. >> charlie: you do. >> i love i and i love, i mean in this i work with the singers. we just work as performers but in the other we all sin and i love the music. >> why are you doing this at this time? >> well, you know, mickey, martin asked me abo this. i'm super busy all the time but it happened to coincide with the time where there wasn't much, aside from the films we produce at our production company.

there weren't really things i wanted to do, and evenhough i know sometimes my movie agent would like to choke me to death for doing these operas. she would say the same. i does two films this year, smallish parts which i was very happy to do. but there wasn't a lot i read that i liked. i mean, nothing that would make me even want to cancel one show at the opera. and i had been away from the stage acting for a long time. not stage dirting because keep doing that all the time. i start in a new play in paris in few days. but from stage acting, it's mostlily because i love working with the right, director and martin the condecker and working

with this music in this kind of mixed form. and at this moment in my life, i love experimenting in that form and being educated about, in and about something that i literally know nothing about. >> charlie: kay. i was thinking about that as you were talking. suppose you decided that look i've got all these projects i don't want to make any new films in fact i have to finish these two things and finish the directing thing i'm doing in paris we'll get into in a moment. you decide i want to take a year off. what would you mostike to learn about >> wl, it would depend charlie. i'm not sure some of the things i feel i should learn about that i would be capable of understanding them. >> charlie: like? >> people talk about economics.

i just go, please, please stop. >> charlie: do you really say that. you don't want -- you understand -- >> i don't even know if i under the basic principle. that's something that might interest me. i think mostly what i woulddo though is read histories and biographies, which is mostly what i like to read. >> charlie: the other thing i would do though, and this comes from this program. i would learn everything i do possibly know the way the brain works. it is the most exciting sort of frontier. and in fact as you were talk with the criminal mind. i'm thinking about as including in thebrain series, what do we know about disease. do we know lot about diseased brains, what do you know about the criminal mind and brain

science. >> the idea of sort of a genetic for lack of a better word predisposion, of course fell into some disrepute after the second world war. >> charlie: saw evil incarnate. i'm not sure. someone like ted bundy lied about his childhood. about everything. >> charlie: in fact, considered that sort of his core competence, lying. >> of course. and -- was a spectacularly gifted lawyer and lied constantly and in this play, he

cites his major in wikipedia which mentions that h mother was viennaease andhe admits making that up because he thought it would be helpful and it was. i think that would be an interesting field to study -- >> charlie: my impressi is you will look at people who are maybe violent with their children and u find out that they were alsohe recipient of violence, you know.

>> yes. i think that's probably true, but of course -- >> charlie: not everyone obviously. >> no, but i think there's probably -- but then of course a hundred years ago, everybody spanked their child. i mean 50 years ago, everybody did. >> charlie: yes, exactly. >> i mean pretty much i would imagine across the world, if there are those that didn't, i'm not aware of that particular culture that existed where they didn't give corporal punishment to their child. >> charlie: you mentioned you don't know much about economics but you have an interest in politics. >> only in passing. >> charlie: really. >> yes. here's how i view politics. i mean especially in this country. you're in your house and somebody runs in and they press

on your doorwell breathlessly and they tell you all the trees on your street are dying of a horrible disease. okay. one party says chop it down, chop them all down and burn them they don't inft everything else. and the other side says give it food and water and it will be fine. i ask are you a botanist. that's with a i ask. >> charlie: but suppose one of them said i've consulted a hundred botanists and this is the concensus opinion among them. >> well, i remember reading, it was a hundred years of the "new york times" who have been wrong about so many thing throughout history. >> charlie: the "new york times." >> mm-mm. among other, i mean i come from a family of journalists and i know journalists very well. we had a newspaper.

my sister was a big tv preus. >> charlie: they were conservative politically. >> our newspaper, well, the editor, my uncle was liberal. my gramother wasn't really anything. i don' remember ever having anything. and my parents were both republicans r sure. in fact in the 72 election, my fondest memory is of my father and me screaming that if jesus h. christ was running on the democratic ticket and micky mouse -- >> charlie: was running on the republican ticket, he would vote for micky mouse. >> he would vote for micky mouse and he told me he certainly would because he told me micky mouse would make a much better chief ecutive officer. >> charlie: than jesus christ would. >> my father was also quite an

evangelical atheist. charlie: are you right, left center up side down, inside out? >> well, some things i'm probably right. some things i think i'm quite libertarian. most things i think i'm quite e centrist and some things i'm probably left of far left. i just don't, i don't know. it would depend on like we discussed economics. meanest and the occupy wall street thing. >> charlie: the bank didn't bail out america, they did this and that and the system is not fair and it satisfies the 1% and

nothe 99. yo understand all that. >> yes. certainly as someone who had some involvement with mr. madoff and the game was fixed. >> charlie: the point is you lost some money. >> yes. but that's okay. but yes the game probably is fixed but i would have to know if i agreed with someone. and to take a kind of political position, then i would really -- >> charlie: much more about economics. lawrence leslie was here the other night who you may know and probably lives in the same community community you live in. he wrote a new basically. he says it's fixed to the extent that obviously money has much more influence on washington. >> that to me is the shame. >> charlie: and the unfairness. >> yes. it's terrible. >> charlie: exactly. >> and i find that, first of

all, i find that morally revolting. and the idea that money plays such a massive part and that you have to raise hundreds and hundreds and hundreds of millio of dollars. >> charlie: you spend more time raising money tn you do being creative about solving the nation problems. >> yes. and we have a lot of problems. and i don't care if the solutions are on the right, the left or center. >> charlie: exactly. that's the way it ought to be. in fact you should not necessarily be able to argue all the solutions come from either of those three places. they come from all of those places. >> they come from all of those places often. >> charlie: you also have this great interest as i do but i mean in travel, in being, working in a bunch of places, whether it's you're or whether it's latin america. is that simply the attraction of those ples or some dis

disenchantment with america. >> it's never been disenchabtment with america, it's been, you know, i was raised by my mother and especially by my father to be curious in the world, to be curious about the world. and not toe afraid. for me i'm comfortable really more or less anywhere. i mean, i may have some favorites, but i could care less if i'm working here or in mortgage -- portugal or finland or wherever that's always the world despite the way we sometimes perceive it and of course we don't perceive it

anymore through personal experien. we perceive it through the media. the world is in fact, well, if you're anywhere near as lucky as i have been. but even if you're just moderately lucky the world is in fact exquiz otherly fabulous spectacular place filled with people. >> charlie: that's exactly it, exactly. >> i love to get out and see who they are and where they are and work with them. and i've had an increbly charmelifes have you. >> charlie: indeed. and certainly you and me as well, i mean, you get u every day anday what's the new experience i'm going to engage today. and at new thing am i going to meet that's going to enchant me

take me places i haven't been, ideas, people or eeriences or all of that and to be able to be, to have that not only opportunity but to have some sense of control to do it is like, it turns out. >> you just nevernow, you know, doing these two operas i've learned so much and my experience of classical music was whenever i really felt like torturing my children, i would sing opera in the car at the top of pie lungs and they would just sob. >>harlie: please stop. >> all of a sudden into middle age you find yourself doing two operas and to me that's how my life has bee and it's been so blessed. but it's never been, oh, i have

to leave america because it drives me nuts. it was more and still is more. there are just a lot of other things see. >> charlie: indeed. you know the interesting, peter gelb is reaching out to fil directors to come and direct opera. reaching out to people who don't necessarily or in most case have not directed opera before. with some interesting kinds of results. >> yes, i'm sure. i was asked to do carmen in berlinhis year, but i don't feel, aft ather year, maybe, working on opera. >> charlie: you don't feel you have all the skills. >> i don't quite have the knowledge yet. and of course i still direct plays all the time. so i get my directing kicks from that. >> charlie: you did make the point and you have made the

point that the theatre is the natural home of the actor. and it's where the actor's skills and empact are best seen and challenged. >> right, i think so. because that's a live thing, you know. they always say the camera doesn't lie. i've always said that's what it for. >> charlie: to lie. because you can use all these other things. >> whereas on a stage, you can't, how can you lie. >> charlie: what are you doing in paris and when do you start, next week. >> i start in a few day i'm dirting a new adaptation antranslation of christopher -- liaison, novel which here the film was called dangerous liaisons. it's the play writt by the playwright who also was the screen play writer for that film

but retranslated a new french traps lation and adaptation. >> charlie: who was that. >> is chris hempton wrote both the play from the novel and then chris adapted the screen play from his play. >> charlie: i got you. >> and now we've retranslated and sghtly altered with chris' permission, his play and in a new french version i start, i leave the th and start the 21st. >> charlie: the infernal comedy confession of a serial killer runs from november 17 to november 19th at the brooklyn academy of music band. it is always great to see you. >> great to see you charlie. >> charlie: we continue our series of conversationwith jing ulrich who is widely

recognized and one of the industry's most respected china wahers. she advices chinese institutions looking to invest overseas. i'm pleased to her here at this table for the first time. well come. >> thank you for having me. >> chaie: here's thebig question, can china sustain the level of growth it's seen over the last few years. >> china's growth for the pas 30 years has been 10% per aum which is really remarkable. >> charlie: n the last few years but the last 30 years. >> that's right. now going forward, china has a game plan. so during the five year plan, which is from 2011 to 2015, i think china can continue to grow at around 7 to 9% per annum. of course there are lots of challenges ahead. given the economy until set aside you can't continue to grow at 10% per annum. but if you look at the fundamental drivers for china's

gdp, namely consumption, investments and exports, i think we can still hit that growth target. >> charlie: some of those things may be in conflict consumption and exports because theyant to change the economy from a export driven economy to a consumption economy and create a rising middle class. you also have to pay them more wages, correct. >> that's absolutely correct. interestingly enough, we have to pay atntion to the sre of exports as pa of the gdp. it's actually been coming down. if there's one silver lining in the 2008-2009 financial crises and that was that china is stopping to rely exports for its growth. in the first three quarters of 2011, net exports actually did not contribute to gdp growth at all. >> charlie: ds this have any political implicationss to how china sees itself and its role around the world. >> well it does because china's becoming less reliant on external growth to propel its

internal economic. >> charlie: will that change its behavior around the world. >> i don't think so because now china is number two in the world in terms of total size of gdp. china is now recognizing its international stature of both economically politically and increasingly militarily but china's focus is still very much internal because he wants to list a lot more people out of poverty. and i would say in the coming 15 years, china will actually create a middle class that's going to be a billion strong. and each person by 2025 will be earning about 20,000 u.s. dollars. >> charlie: what do you think worries the chinese leadership as they look at this kind of economic expansion. >> several things. clearly number one, on their minds is social stability. income gap has been widening for the past ten years. a lot of people got very rich very quickly. but still we have over 70% of

the population living in the country side. another concern is natural sources. china's growth has been so strong for the past 30 years. the country is deficient in natural resources. it virtually imports everything it consumes in terms of commodities from copper to oil and increasing agricultural resources. >> charlie: it's been an international crusade to go around and tie up contracts in chile and other places in africa to make sure it had a steady supply of natural resources. >> it's true but it's still very difficult for china to secure long term supply for the future decades. take oil, for example. china now consumes 9.5 million barrels a day. 55% of the oil consumed in china is actually imported. and of course there are a lot of instabilities around the world. sea lanes could be blocked and

that could potentially threaten chins econoc growth. >> charlie: it's increasing the military budget. does that mean it wants to have a forward projection of its military power? >> well, i think china is clearly buildi up its army but in terms ofxpendituren a military as a percentage of gdp is still quite small. i don't think china has a desire to project i international influence in a very aggressive shion. very much the domestic concern is still internal stability. >> charlie: there has been some conflict in the china seas. >> that's right. again that's over resources and those conflicts have been existing for many years. >> charlie: there is a presidential election next ye. a new president's coming in. will it be dramatically different or substantially different in terms of imrowt look than the regime. >> we don't think there will be arastic change in china's overall policy direction. so starting from october 2012,

we will begin the leadership transition. which will last for about six months actually. first you have a change in the government and then you have the change in the party. so basically, that goes from october 2012 to march about 2013. the overall direction of china's reform will remain. we're very confident they will pretty much keep their current policy but fine tune policies of course continuously but no major change. >> charlie: what are the political appreciates on the leadership. >> i think one concern has been flation because inflation is one of the major causes for global unrest globally not just in china. in the first nine months of 2011, inflion's been risin quite steadily until the last month or two when finally inflation seems to have peaked. again, they're concerned about food because food prices have been an important driver for inflation in the last couple

years. >> charlie: when someone like mit romney the candidate for president for the republican nomination for president says on the first day in office he will send a message that current manipulation will stop unless there will be a reprisal from the united states. how does that go over in china. >> well the rhetoric from washington doesn't really help anything at this functure, because i believe u.s. and china share a very important bilateral relationship. the relationship is complementary and it's also mutually dependent because if you think about china which holds at the current time 1.1 trillion u.s. dollars of treasury alone a lot of agency bonds as well as corporate bonds as well. china has 3.5 trellian u.s. dollars reserve. we would estimate about 60% of that is in u.s. doll

denominated debt. so in effect, china is the u.s. banker. never ever in the history of human kind has the u.s become so reliant on one country. >> charlie: what does that mean for the future. >> -- for financing. what does this mean for the future is good relationship between the two countes is fundmentally important. china will not revalue the currency any faster, even if external pressure is put on to the country. >> charlie: even if the argument is it's unfair because it simply puts a price on chi goods that makes them less expensive and therefore less desirable and make american goods who want to compete in china more difficult. >> well china is letting the currency, chinese appreciate at a steady pace. 5% per annum and that's the case in the most couple years. if we just give china some time in the next five years the

currency the chinese yuan will be stronger. >> charlie: what is it they worry about. >> if the army would be devalued drastically that would mean a lot of job losses instantly. >> charlie: that would mean soci unrest. >> absolutely. so i think at the current juncture, especially considering the average global environments chie far is not to let the chinese yuan depreciation too dramatically. >> charlie when you look to china in the future, do you think that with prosperity, they will change in terms of phaps becoming a, more democratic and less of a statement that's defined by state capitalism and they will become more liberal abt human ghts and how they see the necessity of censorship of its own people and intellectual property. >> changes are afoot but nothing

will happen over night, of course. i think china is beginning to respect intellectual property because his own companies are developing their own intellectual property. so we're seeing china becoming, you know, more serious about enforcing intellectual properties of foreign companies as well as their own companies. >> charlie: finally there's this question about american companies. in famous remark, the ceo of coca-cola says it's easy to do business sometim in china an it is in the united states. chinese, american businesses ways talk about a level playing field. that's all they want. do they have a level playing field? >> well, if you look at the amount of business american companies generate from china, if you look at the revenue growth, if you look at how important china is, to fortune 500 companies,ou will know that opportunities in china presented to foreign companies are enormous. now, you can just go from the

technology sector to the consumer sector to the natural resource sector. i would say all the major companies in the world have significant presence in china. and they are doing good business. so the level playing field obviously this is, you can't say you know every industry inhina is the same exact opportunity to a foreig company as they do to a domestic company. but by and large since china joined the wto over tend years ago, i think the situation is becoming more fair. >> charlie: in order for you to do business if you were a technology company you had to offer some, you had to offer all the, you had to offer up your own technology so they could examine it and have access to it. and that worried some american companies. >> well clearly you know, in china, a lot of the industries require that the foreign company comes in and establish a joint venture with a domestic partner. the idea of course is to learn the technology and learn how

advanced foreign companies do business. and in the auto sector, for example, china now is a single largest car market in the world in 2011, china will be selling 20 million vehicles. and most of those vehicles are de by joint ventures, you know. the top company in china making vehicles. >> charlie: you mean in general motors is making those cars in china, those books in china or you mean tt chinese companies are making tse veclesnd they will serve the chinese market? >> well, in general motors case, they have a joint venture in shanghai making books. angm i think this year will be selling 2.5 mlion vehicles in tal in china. and that's a huge number. just in comparison, the entire indian market is only 2 million vehicles. e american company in china is selling 2.5 million vehicles. it's really an astounding number. >> charlie: enough to make you go crazy, isn't it. finally, there is this.

when you look at china and the united states sometimes called g2. everybody wants to know what is the opportunity for cooperation on the big issue that threaten the planet. whether it's environmental issues or whether it's a political impact that the two could he if they were of the same mind set. >> well, i think the environmental issue clearly is important, you know. the u.s. is the single largest oil consumer in the world. china is number two but in terms of total energy consumption, china now is number one. having surpassed the u.s. just last yr. and the chinese energy sector is overwhelmingly reliant. >> charlie: it's overwhelming making more progress in terms of alternative sources of energy than any other country in the world. >> there's a lot of government support. in terms of alternative energy, again china has a plan. during 2011 and 2015, during the

five yeaplan they are going to expand the share of alternative energy from hydro to solar to wind. the u.s. and china ca work together on clean technology for example. >> charlie: this is all about business and finance and economic growth. what about the culture? what's the impact on the people that you know in china and the sense of being open to cultures as well as being proud of their own culture. >> you know, it's been an amazing transformation because china was a closed country for many years. until the reform began, right, in the late 1970's. and since then in the last 30, 40 years i think the economy has become progressively more open. chinese citizens are traveling over years. i think last year a million people came to china as tourists. >> charlie: a lot of students. >> a lot of students and the tourists brought $5 billion in spenltding to the u.s. economy.

chinese people have a great deal of goodwill towards americans. towards the american culture and the american people. they send their children to school here. they love american pop music. they love the apple gadgets. they love hollywood movies. >> charlie: just like the restf the world. >> that's absolutely true. especially the momma yth. >> charlie: thank you for coming. >> tnk you vermuch. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org